Share Market Today: Sensex Closes Nearly 600 Points Higher, Nifty Settles Above 25,100

On the 30-share Sensex platform, Maruti, Tata Steel, Bajaj Finance, Axis Bank, and UltraTech Cement settled the session amongst laggards

Across sectors, the Nifty Media, Metal and Oil & Gas indices remained the only laggards.

Source : ABPLIVE AI

Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Monday ended trading on a higher note after beginning the day with a small rally. The BSE Sensex settled the trading session at 81,973.05, climbing nearly 600 points, while the NSE Nifty50 ended the day at 25,127.95, gaining more than 150 points.

Stock update

On the 30-share Sensex platform, Tech M, HDFC Bank, L&T, ITC, and IndusInd Bank closed the trading day in green. On the other hand, Maruti, Tata Steel, Bajaj Finance, Axis Bank, and UltraTech Cement settled the session amongst laggards.

In the broader markets, the indices ended trading in green. The Nifty Midcap Select index closed the day higher by 0.91 per cent. 

Sectoral update

Meanwhile, across sectors, the Nifty Media, Metal and Oil & Gas indices remained the only laggards. On the other hand, the Realty and IT indices dominated in green and ended higher by 1.61 per cent and 1.27 per cent respectively. 

In the previous session on Friday, the equity benchmarks ended trading on a lower note. The Sensex settled at 81,381.36, plunging 230 points, while the Nifty closed the session at 24,964.30, slipping 34.20 points.

Macroeconomic Data

The global oil benchmark, Brent crude, declined 2.51 per cent to touch $77.06 per barrel. Official data from the depositories revealed that the foreign instituional investors (FIIs) emerged as net sellers in the capital markets on Friday and offoaded equities worth Rs 4,162.66 crore.

The rupee made a recovery from all-time low levels and settled 4 paise higher at 84.06 (provisional) against the US dollar on Monday. Forex traders noted that the domestic currency was being weighed down by the robust American dollar and surging crude oil prices.

At the interbank foreign exchange, the domestic unit opened at 84.06 and traded in the range of 84.05 and 84.07 against its American counterpart. In the last trading session on Friday, the Indian currency depreciated 12 paise to hit a record low of 84.10 against the greenback.